Your basic assumption is that the company needs to
Post# of 72447
Posted On: 12/31/2016 8:40:52 PM
Your basic assumption is that the company needs to raise $15 million, that figure also making an unfounded assumption that they want to keep 2 million in the bank (that assumption based on what? The company has never stated any such thing.) It doesn't take 2 million bucks to "keep the lights on" and pay the rent.
Despite your assumption, we do not know what their fundraising plans are. Are they negotiating with a partner? Are they, perhaps, talking to a business development company (like, for instance, Hercules or Horizon)? Are they negotiating a settlement with the Rosen firm which would bring cash into the coffers (or, alternatively, will the judge award them some damages)? Are they negotiating a loan (Leo Ehrlich has done this in the past)? Are they negotiating a private placement?
The answer to these questions is: we do not know.
Therefore, assuming that they are going to be selling shares to Aspire is not an assumption that we can make.
And even if they were indeed to sell shares to Aspire, how do you know that Aspire is selling and not holding such stock?
The answer to that question is: we do not know.
Writing a post about "headwinds" in the stock, based on the sheerest speculation but assuming that it is true, is specious.
And, since you obviously have a lot of knowledge about the stock, why don't you tell us what name(s) you post under at other sites?
Despite your assumption, we do not know what their fundraising plans are. Are they negotiating with a partner? Are they, perhaps, talking to a business development company (like, for instance, Hercules or Horizon)? Are they negotiating a settlement with the Rosen firm which would bring cash into the coffers (or, alternatively, will the judge award them some damages)? Are they negotiating a loan (Leo Ehrlich has done this in the past)? Are they negotiating a private placement?
The answer to these questions is: we do not know.
Therefore, assuming that they are going to be selling shares to Aspire is not an assumption that we can make.
And even if they were indeed to sell shares to Aspire, how do you know that Aspire is selling and not holding such stock?
The answer to that question is: we do not know.
Writing a post about "headwinds" in the stock, based on the sheerest speculation but assuming that it is true, is specious.
And, since you obviously have a lot of knowledge about the stock, why don't you tell us what name(s) you post under at other sites?
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